จดหมายชี้แจงq361e November 12, 2018 The Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis for three month Ending 30 September 2018 Summary on Third Quarter

situation and business operation for Quarter 3/2018, in order to disclose as the information to the investor and public. Consolidated Operating Results for nine-month period ended September 30, 2018 , the

at ฿ 5.92 million. Because in 2017 the company invested excess liquidity in short-term investment and gained ฿ 34.84 million. Matichon and its affiliated companies are trying to increase revenue

ที่ กบร No. Kor Bor Ror. 020/2018 November 13, 2018 President The Stock Exchange of Thailand Re : Clarification on the company’s over 20% change in its operating results for 3rd quarter, 2018 Dear

subsidiary company, in this regard, the Company hereby informs you that on 16 November 2018, The Company had established the subsidiary company in accordance with resolution of the Board of Directors Meeting

business (Net written premium). A fall in Loss Ratio, together with a rise in earned premium and sales, resulted in an overall underwriting profit (before income tax expense) of THB 30.41 million, an

หนา้ 1 จาก 1 Translation November 13, 2019 Subject: Management explanation and analysis for Quarter ended 30 September 2019 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe

receiving financial assistance To Managing Director The Stock Exchange of Thailand According to the Board of Director Meeting of Pan Asia Footwear Public Company Limited (“Company” or “PAF”) No. 4/2019 which

expansion projects of the subsidiaries. 4.Share of profit on investment in associated company decreased by Baht 3.25 million or 30.63% Sincerely yours, (Mr.Pongpat Patanavanich) Managing Director

rates decreased. 4. Share of profit on investment in associated company decreased by Baht 1.67 million or 14.85% . Sincerely yours, (Mr.Pongpat Patanavanich) Managing Director